Tuesday, 27 June 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 27 JUNE 2017

Ref.Soya oil trading range for the day is 620-630. Ref soyoil prices ended with losses tracking weakness in spot demand. Pressure also seen due to ample supplies of edible oil in the domestic market and weak international prices. India's government is facing mounting pressure to raise import duties on edible oils after farmers staged mass protests in key farm states. At the Indore spot market in Madhya Pradesh, soyoil was steady at 627 Rupees per 10 kgs.